[ET Net News Agency, 11 October 2018] The Hongkong and Shanghai Hotels, Limited
(HSH)(00045), owner and operator of Peak Tramways Company Limited, said the Executive
Council of Hong Kong has approved an additional ten-year operating right from 2026 to 2035
and the upgrade of the Peak Tram, under the Peak Tram Ordinance.
"The upgrade project will result in covered, temperature-controlled queueing and waiting
areas with entertainment features for up to 1,300 passengers. The new tramcars will be
able to carry 210 passengers instead of 120 at present and visitors' waiting time will be
significantly reduced." said May Tsang, General Manager, The Peak Complex.
The upgrade project, scheduled to be completed in 2021, costs HK$684 million, which is
privately funded by HSH. (KL)
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6.050 +0.020 (+0.332%) Others
11/10/2018 14:05
Peak Tram gets nod for operating right and upgrade project
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